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Top_Tiger said:
I still don’t buy the fact if the players are sold and the Maguire money comes in the price of the club lowers. Just can’t see it.

Like the fact if we went up last year Assam said in interview said it would be still 50 million. Complete rubbish!
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Well the asking price in the Prem was approx £100m because of the loan figure, so in 3 years it's been reduced by £50m. Maguire (£16m) Clucas (£12m) Robertson (£8m) Livermore (£10m) Snodgrass (£10m), those are rough estimates of what we have recieved since then, off the top of my head.

You also have to bare in mind not all transfer fees are paid upfront, many are paid over 3 seasons for example. So they have done a pretty good job of reducing the loan figure so far, yes we didn't get the amounts we all thought those players were worth, but it's been taken from the loan value.

We all know Bowen, Grosicki and even Henriksen will be going, good luck to them. I just hope the Allam's do actually hold out for reasonable money for all 3, (£25m+) and reduce the loan value accordingly.

We had interest at £50m, imagine the interest at £20m-£25m!!!!!
 
hullborn said:
I think if the inevitable happens and Bowen, Grosicki and possibly Henriksen are all sold, plus Maguire moves for big money, it can only be a good thing. Not good that decent players are moving on and we'll get weaker replacements but it will, considerably bring the price of the club down.

If I remember correctly the allams were looking for £50m? If you take off £30m for Bowen, Grosicki, Henriksen & Maguire's sell of fee.. (15, 5, 3, 7 give or take?).. then suddenly selling a championship club with our recent history for £20m seems a reasonable fee.
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Unfortunately at £20-25m it's still a punt, the club would still not have assets of that value in my opinion. It's back to the Premier League 'dream' and a ticket to enter that game that gets individuals or consortium's excited about acquiring a club in The Championship.

Knowing our two muppets they'd pocket all the money and ask for north of £30m anyway using your scenario!
 
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Meyho said:
......... Grosicki and even Henriksen will be going, good luck to them. I just hope the Allam's do actually hold out for reasonable money for all 3, (£25m+) and reduce the loan value accordingly.

We had interest at £50m, imagine the interest at £20m-£25m!!!!![/QUOTE]

£25 mill x 4% = £1 mill p.a.
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There would be a lot of interest still (for the Allams).
£25 mill x 4% = £1 mill p.a.
 
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The club is up for sale. True.

The owners don’t want to, or know how to, sell it. Also true.

Based on that, the Allams are going nowhere, no matter what pay off we get from a Maguire sell on.
 
So say for example they sell Bowen, Grosicki, Henriksen..... plus possibly even Reece Burke, Stewart or anyone with a value, plus they also get a sell on for Harry, haven't they then got to a point where they've extracted just about everything they can from the club before it then starts to cost them money?

I know that they can still charge interest on their gift, but won't costs outweigh profits, possibly very soon?
 
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AlRawdah said:
The club is up for sale. True.

The owners don’t want to, or know how to, sell it. Also true.

Based on that, the Allams are going nowhere, no matter what pay off we get from a Maguire sell on.
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I think they will sell when the lease runs out on the stadium
 
Gone Fishing said:
There would be a lot of interest still (for the Allams).
£25 mill x 4% = £1 mill p.a.
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Just a thought. I wonder what our reaction at the time they 'saved' us would have been to the 'gift', had they been totally honest & upfront, had they set clear expectations, etc.

We are buying / saving the club as a gift to the community.
However:
  • when we leave, which we eventually will, we require full repayment of all the money we have put into the club during our tenure
  • the gift is not a gift of x millions of pounds, but a loan to support the survival of the club
  • during our tenure, we will take a commercial interest rate charge on the debt owed to us (initially 5% p.a., now 4% p.a.).
  • our gift is made with an expectation that the Council will agree to provide the Allam family 'x' land for development around the KC / West Park / Walton Street.
At least then people would have been clear from the start and could have made their minds up about thier 'generosity' and intentions from day 1.

(edit: BTW, I still can't get my head round how it is that we supposedly still owe them £50 million. Just one more thing I don't believe them about).
 
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Gone Fishing said:
Just a thought. I wonder what our reaction at the time they 'saved' us would have been to the 'gift', had they been totally honest & upfront, had they set clear expectations, etc.

We are buying / saving the club as a gift to the community.
However:
  • when we leave, which we eventually will, we require full repayment of all the money we have put into the club during our tenure
  • the gift is not a gift of x millions of pounds, but a loan to support the survival of the club
  • during our tenure, we will take a commercial interest rate charge on the debt owed to us (initially 5% p.a., now 4% p.a.).
  • our gift is made with an expectation that the Council will agree to provide the Allam family 'x' land for development around the KC / East Park / Walton Street.
At least then people would have been clear from the start and could have made their minds up about thier 'generosity' and intentions from day 1.

(edit: BTW, I still can't get my head round how it is that we supposedly still owe them £50 million. Just one more thing I don't believe them about).
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East Park?
 
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Hornsea_HCAFC said:
So say for example they sell Bowen, Grosicki, Henriksen..... plus possibly even Reece Burke, Stewart or anyone with a value, plus they also get a sell on for Harry, haven't they then got to a point where they've extracted just about everything they can from the club before it then starts to cost them money?

I know that they can still charge interest on their gift, but won't costs outweigh profits, possibly very soon?
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Surely it's risk Vs reward. Right now there is the potential of reward for them by selling the players you have mentioned. Once they have gone and the season starts the risk must be greater than the reward. The owners wont want to finance the club much and with poor attendances at matches they must want a quick escape or risk losing money. I am sure the old man is aware of this, Jr probably isn't.
I wonder what the break even point for the club is - probably an unrealistic target for the championship.
 
and isn't it the case that we become less and less attractive to a new buyer with each window that now passes as we gradually lose the FFP headroom advantage we currently have?
 
Gone Fishing said:
and isn't it the case that we become less and less attractive to a new buyer with each window that now passes as we gradually lose the FFP headroom advantage we currently have?
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Until we have new owners, the fact we're all good with FFP, is pretty much meaningless, as we aren't going to spend money anyway.
 
Kempton said:
Until we have new owners, the fact we're all good with FFP, is pretty much meaningless, as we aren't going to spend money anyway.
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Yep, totally meaningless under the current ownership, but touted as a big potential attraction for potential buyers? Now diminishing with each window that goes by?
 
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I'm not entirely sure the club is losing money. Ehab is claiming he is cutting his cloth to the new income level isn't he? Hence the drastically reduced player wage levels for new signings/renewals.

What happens to any transfer income is another matter, of course.
 
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